Some businesses handle invoicing and data entry in-house and need only bank reconciliation and monthly reporting. Others hand over everything. The cost of outsourcing bookkeeping depends on exactly which tasks you're outsourcing, the volume of transactions, and your current setup.
Short answer: outsourcing bookkeeping pricing is scoped to which functions you're handing over (transaction entry, data entry, reconciliation, reporting), your monthly transaction volume, the number of accounts in scope, and whether your records currently need a catch-up pass. We scope the work, discuss engagement models with you, and price accordingly.
The more you hand over, the more we handle, and the more transparent the cost becomes.
You handle all transaction entry and data entry. We reconcile banks monthly, track tax positions, and generate monthly reports. This is the lightest engagement and scales with account count and complexity.
You manage invoicing and online data entry. We handle monthly bank reconciliation, any manual expense categorisation needed, and full reporting. Cost depends on transaction volume and account complexity.
You send us documents and bank feeds; we handle all data entry, categorisation, reconciliation, and reporting. This is the most comprehensive model and is priced according to volume and complexity.
Some tasks in-house, some with us. For example: you handle invoicing, we handle bills and expense tracking. Cost is scoped to the actual work we're taking on and the volume involved.
We'll map out which tasks to hand over and what the cost would be under your specific situation.
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